Researchers find optimal way to pay off student loans
After graduating or leaving college, many students face a difficult choice: Try to pay off their student loans as fast as possible to save on interest, or enroll in an income-based repayment plan, which offers affordable payments based on their income and forgives any balance remaining after 20 or 25 years.
There are pros and cons to each option, and trying to discern the better path can be daunting. That's why University of Colorado Boulder's Yu-Jui Huang and Saeed Khalili, a former graduate student in financial mathematics, along with Dublin City University's Paolo Guasoni, decided to throw a little mathematical ...








